RE: Reason for this deal from NRR point of view30 Aug 2020 14:10
The forward going plan IMO is already in place and quite simply it is Glencore, go back to the interviews a couple of months back and imo there are more projects coming to us in the next few months , they have not used all the money up from the raise and I believe the TEO was funded. From his previous interviews he said 2 or 3 projects. They all maybe have Glencore related backing as no doubt Glencore at going to get a good deal on all that is in that Kun Manie mine, they will know fully what is there and they have no doubt what materials will be in demand in a few years, that's simple as all the media are pointing that way now! Imo we are adding 2+2 and getting 4, after the TEO the BFS funding will IMO come of the back of whatever comes along in September and October, the only unknowns for me now are the updated mine quantity, future commodities pricings and when will any majors start making moves on buying out the mine! Glencore will have full agreements wrapped up and wow for some LTHs they hopefully will be rewarded. IMO the be 4-12 months should be really exciting as it unfolds but I think the strategy has already been done and it's just a case of progressing down the path. His interviews from a few months back and in the last week basically tell it all. Should be a busy run up to DECEMBER what's not to like, and also for shareholders, at this price imo we will soon start to see with an income some bigger stakeholders looking a getting in. Fun times ahead